Signaturefd LLC Decreases Holdings in Global Net Lease, Inc. (NYSE:GNL)

Signaturefd LLC lowered its stake in Global Net Lease, Inc. (NYSE:GNL) by 58.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,048 shares of the financial services provider’s stock after selling 8,678 shares during the period. Signaturefd LLC’s holdings in Global Net Lease were worth $44,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNL. Geode Capital Management LLC boosted its holdings in shares of Global Net Lease by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after purchasing an additional 95,769 shares during the period. Charles Schwab Investment Management Inc. increased its position in Global Net Lease by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider’s stock valued at $30,454,000 after acquiring an additional 112,908 shares during the last quarter. Corient Private Wealth LLC increased its position in Global Net Lease by 0.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,344,533 shares of the financial services provider’s stock valued at $17,115,000 after acquiring an additional 21,823 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Global Net Lease by 392.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Global Net Lease by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 960,682 shares of the financial services provider’s stock worth $7,013,000 after acquiring an additional 27,564 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

Global Net Lease stock opened at $7.95 on Wednesday. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $9.11. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -8.46 and a beta of 1.33. The firm has a 50-day moving average of $7.50 and a two-hundred day moving average of $7.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 13.84%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is -144.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial cut their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.